Chegg (CHGG) Tops Q1 EPS by 7c, Revs Beat; Guides Above

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Chegg (CHGG) PT Raised to $53 at Needham & Company

May 5, 2020 7:38 AM EDT

Needham & Company analyst Ryan MacDonald raised the price target on Chegg (NYSE: CHGG) to $53.00 (from $40.00) while maintaining a Buy rating.

The analyst commented, "We are reiterating our Buy rating, while raising our PT to $53 following an impressive 1Q that saw already-strong subscriber... More